i would question whether they will be able to raise the ammount of capital they are looking for in the CR.. certainly going to take more than retail participation.
they were originally looking for an anthill 2.0 now they dont even have the 1.0 ... they have been effectively asset stripped and returned to explorer status, and thats assuming the CR is successful. How many years will it take.. assuming all goes to plan for them to get their processing facility back in their own hands working 100% for Austral. In the short to medium term even if they make discoveries they dont have processing capacity to monetize anything.
you can sit it out for a few years, which is definitely not without risk of going broke or further dilution, or take your bat and ball and dust yourself off and find a home for your money that actually might have upside potential.
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i would question whether they will be able to raise the ammount...
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